Euro Asian Customs Union. The Eurasian Customs Union or the Customs Union of Belarus, Kazakhstan, and Russia (Russian: Таможенный союз Белоруссии, Казахстана.

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Presentation transcript:

Euro Asian Customs Union

The Eurasian Customs Union or the Customs Union of Belarus, Kazakhstan, and Russia (Russian: Таможенный союз Белоруссии, Казахстана и России), came into existence on 1 January [4] The Customs Union was launched as a first step towards forming a broader European Union-type economic alliance of former Soviet states. [5] The member states are planning to continue with economic integration and were set to remove all customs borders between each other after July On 19 November 2011, the member states put together a joint commission on fostering closer economic ties, planning to create a Eurasian Economic Union by [6][7] Since 1 January 2012, the three states are a single economic space called Common Economic Space to promote further economic integration. [7][8] The Eurasian Economic Commission is the regulatory agency for the Customs Union and theEurasian Economic CommunityBelarusKazakhstanRussiaRussian [4]European Unionformer Soviet states [5]Eurasian Economic Union [6][7]Common Economic Space [7][8]Eurasian Economic CommissionEurasian Economic Community

The creation of the Eurasian Customs Union was guaranteed by 3 different treaties signed in 1995, 1999 and The first treaty in 1995 guaranteeing its creation, the second in 1999 guaranteeing its formation, and the third in 2007 announced the establishment of a common customs territory and the formation of the customs union

Access of products to the single territory of the Customs Union [9] is granted after products have proved to be compliant with the requirements of Customs Union Technical Regulations which are applicable to the product. As of December 2012, 31 Customs Union Technical Regulations have been developed [10] covering different types of products, some of which have already come into force, while others will come into force in the period 2012 – Some Technical Regulations are being still developed [9] [10]